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    Home » Moldova’s Virtual IT Park Attracts Global Attention with Record Growth and €1 Billion Revenue Target
    Business

    Moldova’s Virtual IT Park Attracts Global Attention with Record Growth and €1 Billion Revenue Target

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    Chisinau, Moldova, July,2025 — Moldova Innovation Technology Park (MITP), the first fully virtual IT park in Europe and a key pillar of Moldova’s innovation ecosystem, continues to break records and transform the country’s economic landscape. In 2025, MITP expects its resident companies to generate over €1 billion in revenue, representing a 30% increase compared to 2024 and reaffirming the IT sector as a major engine of Moldova’s economic growth.

    Launched in 2018 by the Government of Moldova, MITP has rapidly evolved into a gateway to Eastern Europe’s emerging tech scene. Today, it unites over 2,370 resident companies from 43 countries, including new entrants from the United States, Germany, the UK, Italy, Ukraine, France, and many others. In 2024 alone, 533 new companies joined — the highest annual growth since the park’s creation.

    “The regional geopolitical context has played a decisive role. In 2021, MITP hosted only three Ukrainian companies. By 2024, this number had surged more than fourteen-fold due to strategic relocations caused by the war. Meanwhile, the number of Romanian-owned companies nearly doubled over the past three years, influenced in part by recent tax changes affecting Romania’s IT sector,”

    — said Marina Bzovîi, Administrator of MITP.

    Beyond the IT sector, Moldova is undergoing a structural economic transformation, marked by a decisive shift from goods-based production to a service-driven growth model. In 2025, the country recorded three historic milestones in services exports:

    • $626 million USD in Q1 alone — a record high for the first quarter
    • $2.8 billion USD annually — an all-time maximum
    • Services now represent 44.5% of total exports, the highest share in Moldova’s history

    IT services lead this growth, totaling $686 million USD, followed by transportation services ($561 million), and business support services ($279 million). Education and health services are also on a strong upward trajectory. As a result, Moldova now enjoys a $900 million USD trade surplus in services, helping offset deficits in goods and positioning the country as a dynamic, services-driven economy.

    “Moldova’s economic model is undergoing a profound transformation — from a traditional, goods-based economy to one driven by high-value services and digital innovation. The extraordinary growth of MITP is a testament to our unwavering commitment to building a future-ready, service-oriented economy that creates skilled jobs and attracts global investors. As we accelerate our digital transformation and promote smart regulation, Moldova is emerging as a competitive, innovation-led destination in the heart of Europe.”
     

    — Doina Nistor, Deputy Prime Minister, Minister of Digitalization and Economic Development of the Republic of Moldova

    MITP is home to pioneering companies that have chosen Moldova as the ideal place to innovate and grow. For example, Parkopedia, founded by Eugene Tsyrklevich, began as a small operation and now provides smart parking solutions for global automotive giants such as BMW, Audi, and Toyota — all developed from Moldova, thanks to MITP’s supportive environment. Meanwhile, Argus AI, co-founded by neurosurgeon Alexandru Andrusca and AI expert Vladimir Verbulski, has created an advanced virtual reality system for neurosurgical planning, making such technology more accessible worldwide. These success stories showcase Moldova’s emergence as an unexpected but highly attractive home for cutting-edge tech and ambitious entrepreneurs.

    The economic impact of MITP is substantial: in 2024, resident companies contributed over €78 million to Moldova’s public budget, four times more than in 2017. About half of this amount comes from businesses established after the park’s launch, highlighting MITP’s role as a catalyst for job creation, investment attraction, and Moldova’s growing digital competitiveness.

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